DEED RESTRICTION UPDATE
We wanted to update you on the progress being made regarding the Deed Restrictions revisions. A committee of interested residents met to discuss their questions and concerns and to come up with ideas. They submitted their report. Their input has helped shape our approach. On behalf of the entire neighborhood, we appreciate their efforts.
One of the tasks that must be accomplished in order to prepare a current budget and properly plan for the future is to have a professional Reserve Study performed. We contracted with an engineer that has experience conducting Reserve Studies, specializing in analyzing common property and expenses for homeowner associations. His report will give us an idea of public property costs and expenses – presently and for the next 20 years. This will allow us to finalize our 2014 budget and plan for upcoming costs, maintenance and capital funds (reserve funds).
This process has been hindered by the increased amount of snow this winter but our engineer will be analyzing the public property very soon. He will give us a detailed report and his recommendations will be presented in a meeting open to all AVRA members. This meeting is scheduled for April 24th, 2014 at 7 PM at Annehurst Elementary School in the gym.
Also, please watch for a postcard coming soon with information and updates regarding nominations for board positions, the Easter Egg Hunt, and more!
Your AVRA Board